The United Arab Emirates announced Tuesday that it will leave OPEC effective May 1, stripping the oil cartel of one of its largest producers. While the announcement doesn’t change anything regarding the blockage of the Strait of Hormuz, it could help lower oil prices after the war if the UAE increases its production capacity. On Tuesday, Brent crude oil traded above $111 a barrel, over 50% higher than its prewar price.
Iran offered to end its chokehold on the Strait of Hormuz if the U.S. lifts its blockade on the country and ends the war in a proposal that would postpone discussions on the Islamic Republic’s nuclear program, two regional officials said Monday. U.S. President Donald Trump seems unlikely to accept the offer, and U.S. Secretary of State Marco Rubio appeared to rule out any deal that excludes Iran’s nuclear program.
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US budget airlines seek billions in aid amid soaring fuel costs
Their trade group is asking the Trump administration for $2.5 billion to offset rising jet fuel costs and keep ticket prices affordable. The Association of Value Airlines said smaller carriers are being hit hardest by the jump in fuel prices, despite carrying more than 90 million passengers last year.
“Temporary government support” would help “preserve vital industry competition,” the association said.
The trade group represents Frontier, Allegiant, Avelo and Sun Country. Another member, Spirit, is separately in talks with the U.S. government on a potential financing deal aimed at keeping the struggling carrier flying as it navigates fuel price shocks during its second bankruptcy since 2024.
Protesters urge boycott of Eurovision Song Contest over Israel’s participation
Dozens of protesters gathered outside the Serbian state RTS broadcaster on Tuesday, waving Palestinian flags and accusing Israel of atrocities in Gaza while demanding that the Balkan country pull out of the Eurovision Song Contest because of Israel’s participation.
The year’s main competition with 35 competing countries is scheduled to be held May 12-16 in Vienna. Serbia, which has close ties with Israel, will be represented by Lavina, a six-member metal band.
The contest strives to put pop music before politics but has repeatedly been embroiled in world events. Russia was expelled in 2022 after its full-scale invasion of Ukraine. The decision to allow Israel to compete prompted the walkout of Slovenia, Iceland, Ireland, the Netherlands and Spain.
RTV Slovenia said it will air a Palestinian program at the time of the Eurovision contest.
Israeli ambassador says Lebanese government must disarm Hezbollah
Lebanon’s government has demanded that Hezbollah disarm, but Israel says this has not happened. A ceasefire in the latest Israeli-Hezbollah conflict was recently extended for three weeks.
Danon said that if the U.N. Security Council wants to help Lebanon, it should ask the government how many Hezbollah weapons it has seized, “which tunnels have been destroyed and what is being done to stop arms smuggling from Iran.”
“International support for Lebanon must depend on results on the ground and not more empty statements,” Danon said.
Israel’s UN envoy says Lebanon won’t have sovereignty `as long as Hezbollah controls the territory’
Ambassador Danny Danon said it’s impossible to talk about peace in Lebanon without mentioning Hezbollah, the militant group with strongholds in the south bordering Israel and elsewhere in the country.
“Lebanon will not be able to talk about sovereignty as long as Hezbollah continues to fire on Israeli civilians and operate without interference,” he told a ministerial meeting of the U.N. Security Council.
Palestinian minister tells UN that Israel must stop killing civilians
Varsen Aghabekian accused Israel of seeking the collapse of the Palestinian Authority and Israeli settlers of terrorizing Palestinians in the West Bank on a daily basis.
“This has to stop immediately,” she said. “The situation of the Palestinian civilian population must be a top priority.”
Aghabekian said there is no justification for Israel preventing shelter materials from entering Gaza and restricting aid and access for humanitarian workers.
Palestinian minister says `Palestine must remain a priority’ for action toward an independent state
Foreign Minister Varsen Aghabekian said the ceasefire in Gaza must be upheld and Israel’s pursuit of `forcible displacement and annexation,’ not only in Gaza but in the West Bank and East Jerusalem, must be stopped.
As phase two of the Gaza peace plan gets underway, she said, “We reiterate our vision of one state, one government, one law and one gun and the need for full Israeli withdrawal from the Gaza Strip.”
Aghabekian told a ministerial meeting of the U.N. Security Council on Tuesday that Gaza’s transition must be in line with its reunification with the West Bank under the Palestinian Authority, “leading to Palestinian self-determination and independent statehood.”
Gaza hospital director’s detention is extended
Physicians for Human Rights-Israel says a court in Israel has indefinitely extended the detention of Dr. Hossam Abu Safiya, who became the face of health workers’ struggle in Gaza to keep treating patients under Israeli bombardment.
The Israeli military has said Abu Safiya, director of Kamal Adwan Hospital in northern Gaza, was being investigated on suspicion of cooperating with or working for Hamas. Staff and international aid groups that worked with him have denied the claims.
The rights group in a statement Tuesday says he is held in harsh conditions in Negev Prison. It says the Beersheba District Court approved the extension of his detention without charges having been filed, after his defense had sought his immediate release.
BP earns online backlash as its profit more than doubles during Iran war
The British energy giant reported quarterly earnings Tuesday of $3.84 billion, or $1.47 per share, far exceeding last year’s $687 million, or 26 cents per share. The huge profits beat analysts’ heightened expectations and generated immediate online vitriol.
“Families are being pushed to the brink by spiraling energy bills, while fossil fuel companies turn a war into a windfall,” wrote Clémence Dubois, global campaigns director at 350.org.
“These astronomical profits are a startling reminder that when conflict drives up the price of oil and gas, energy companies profit and households pay,” wrote Simon Francis, coordinator with End Fuel Poverty Coalition.
BP shares rose more than 1%, close to a 52-week high, as did shares of other major oil producers. It was BP’s first earnings report since the Iran war began, previewing what to expect when Exxon Mobil, Chevron and ConocoPhillips report earnings later this week.
Israeli strike wounds two soldiers, traps three rescuers in southern Lebanon
Two Lebanese soldiers were wounded and three Civil Defense personnel were trapped under rubble after an Israeli strike targeted an army patrol accompanied by rescue teams and two bulldozers in the southern town of Majdal Zoun, near Tyre, according to the Lebanese Army and Civil Defense.
The strike hit during a rescue operation, the statements said, adding that Civil Defense crews were working to extract those still trapped.
The Israeli army has not immediately commented on the attack, which came as clashes and intermittent air strikes continue despite a U.S.-brokered ceasefire.
At least seven Lebanese army soldiers have been killed since the conflict between Hezbollah and Israel reignited on March 2.
Israeli strike wounds two soldiers, traps three rescuers in southern Lebanon
Two Lebanese soldiers were wounded and three Civil Defense personnel were trapped under rubble after an Israeli strike targeted an army patrol accompanied by rescue teams and two bulldozers in the southern town of Majdal Zoun, near Tyre, according to the Lebanese Army and Civil Defense.
The strike hit during a rescue operation, the statements said, adding that Civil Defense crews were working to extract those still trapped.
The Israeli army has not immediately commented on the attack, which came as clashes and intermittent air strikes continue despite a U.S.-brokered ceasefire.
At least seven Lebanese army soldiers have been killed since the conflict between Hezbollah and Israel reignited on March 2.
Oil prices climb again amid more uncertainty over the Iran war
Another climb in oil prices because of the Iran war is helping to halt Wall Street’s record-setting rally. The price for a barrel of Brent crude oil to be delivered in June climbed 2.7% to $111.18. Brent to be delivered in July, which is where traders are focusing more in the oil market, rose 2.6% to $104.33 Tuesday.
After sitting around $70 in late February, Brent prices are moving closer to their peak of $119, reached when worries about the war were at their heights.
The Trump administration seemed unlikely Tuesday to accept Iran’s offer to reopen the Strait of Hormuz if the U.S. lifts its blockade. Iran also wants to postpone discussions on the Islamic Republic’s nuclear program, which Rubio appeared to rule out.
Average U.S. gasoline prices reached $4.18 a gallon on Tuesday, the most since 2022, according to the auto club AAA.
US envoy says Hamas is the ‘obstacle’ to Palestinians in Gaza living in peace and prosperity
Ambassador Mike Waltz urged countries with influence on Hamas to press the militant group to demilitarize and accept that it will not have a direct or indirect role in Gaza “through weapons and terrorism and violent intimidation.”
“The moment Hamas agrees to demilitarize, a new chapter in Gaza’s history will be written,” he told a ministerial meeting of the U.N. Security Council on the Middle East.
“Every day we either move closer to a future where Palestinians in Gaza and the West Bank live in freedom and prosperity, at peace with Israel — or we drift back toward chaos, rockets, hostages and rubble,” Walz said.
He said there is a plan for reconstruction and development of Gaza and financing, and there is a pathway to peace and eased security restrictions, but Hamas is holding Gaza back.
Netanyahu says drones are Israel’s next target in Lebanon
The Israeli leader says “we are not done yet” after destroying the Hezbollah tunnels in southern Lebanon.
“I gave instructions a few weeks ago for a special project to eliminate the drone threats. It will take time — but we will blow that up too,” he says.
US military boards another ship as it enforces blockade on Iranian ports
The U.S. military said Tuesday in a social media post that it boarded and released another commercial ship that was suspected of heading for Iran.
The post by U.S. Central Command on X included a video showed marines fast-roping from a helicopter onto the vessel, which it said was the Comoros-flagged M/V Blue Star III. It happened in the Arabian Sea, east of the Strait of Hormuz.
“U.S. forces released the vessel after conducting a search and confirming the ship’s voyage would not include an Iranian port call,” the command said.
The command said it has now redirected 39 vessels since start of the blockade on ships going to and from Iranian ports.
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Head of international group backing Palestinians urges Hamas to decommission weapons `without delay’
Norway’s Foreign Minister Espen Barth Eide said Trump’s 20-point peace plan for Gaza hinges on Hamas’ disarmament, which “must be a sequential process.”
He called on the Palestinians to continue their reform efforts and prepare to resume governing Gaza as called for in the peace plan.
Eide called on Israel to lift restrictions on aid deliveries, ensure revenue is sent to the Palestinian Authority, which faces a financial crisis, and reverse its expansion of settlements.
Speaking at a ministerial meeting of the U.N. Security Council on Tuesday, Eide said he's made “crystal clear” that there are transitional arrangements in Gaza but the Palestinian Authority is the only recognized government.
Israel destroys alleged Hezbollah tunnel network in southern Lebanon
The military detonated a large explosion late Tuesday in Qantara, and Israel’s Geological Survey said the blast was so powerful it registered as a “seismic event.”
The army said the network included two large tunnels — one about 800 meters (yards) long and the other 1.2 kilometers (0.7 miles) — that were equipped with sleeping rooms, toilets, kitchen facilities and launchers aimed at Israel. It released photos and video footage of what it said were the tunnels.
An Israeli military official said the network included large rooms where over 100 Hezbollah fighters could gather at once. He also said it ran underneath and alongside a mosque, school and soccer field.
The official spoke on condition of anonymity under military briefing rules.
In a statement, Defense Minister Israel Katz said the army has been instructed to destroy any Hezbollah infrastructure it finds, “just like in Gaza.”
— By Josef Federman
Amnesty International urges Israel to stop destroying civilian property in southern Lebanon
The human rights organization made the statement Tuesday after a video circulated on social media showing Israeli military excavators destroying solar panels for the Lebanese border village of Debel and its water station.
On Saturday, the Israeli military said it was investigating the incident after the footage emerged. Debel is the same village where a soldier was filmed earlier this month smashing a statue of Jesus, prompting international condemnation.
“Amnesty International has previously documented extensive destruction by the Israeli military along Lebanon’s border before and after the November 2024 ceasefire,” the group said, adding it had called for reparations and war crimes investigations. “So far, neither has appeared.”
Israeli strike in northern Gaza kills 4 Palestinians
Shifa Hospital said the Israeli airstrike hit a car in Gaza City on Tuesday, killing four men, about 6 kilometers (3.7 miles) from the so-called Yellow Line separating Israeli-controlled areas from the rest of Gaza. The Israeli military said it struck “a terrorist” but provided no further details.
Although a fragile ceasefire between Israel and Hamas in October eased large-scale fighting after two years of war, Israeli forces still carry out near-daily strikes and fire around military-held zones of the tiny Palestinian territory. Since the ceasefire, Israel has killed at least 818 people in Gaza, including 226 children and 179 women, according to health officials there.
Away from the spotlight, the situation in Gaza and the West Bank is ‘steadily worsening,’ UN official says
U.N. Assistant Secretary-General Khaled Khiari said Gaza is facing “ongoing and deadly Israeli strikes and dire humanitarian conditions,” with 1.8 million people — nearly its entire population — living in camps and dependent on aid.
He told a U.N. Security Council ministerial meeting Tuesday that in the West Bank, “violence, including rampant settler attacks, displacement and accelerating settlement activity, is threatening entire communities and further eroding prospects for a political process” toward a two-state solution.
In Gaza, he said, “the ceasefire is increasingly fragile as Israeli strikes and armed activity by Hamas and other groups continue.”
Khiari, whose portfolio includes the Middle East, warned that while diplomatic efforts are underway to consolidate the ceasefire and implement Phase II of the peace plan, “talks on the disarmament of Hamas and other armed groups have thus far not resulted in an agreement, raising concerns over the potential return to widespread hostilities.”
Red Cross aims to assess the humanitarian situation in Iran and encourage respect for the rules of war
The president of the International Committee of the Red Cross has arrived in Iran to meet with officials and local affiliates and assess the war’s humanitarian consequences.
Mirjana Spoljaric will also discuss efforts of the Geneva-based humanitarian organization to ship more relief supplies to Iran, notably through the Iranian Red Crescent Society.
The ICRC says it delivered more than 170 tons of essential relief items to help people affected by the conflict this month, with more medical items and forensic supplies on their way.
Her visit is part of a trip through the region that involves bilateral discussions to help ensure respect for the rules of war, the organization said.
US consumer confidence inches higher in April despite Iran war and soaring gasoline prices
The Conference Board said Tuesday that its consumer confidence index inched up to 92.8 from 92.2 in March, despite growing anxiety over soaring energy prices brought on by the war in Iran. It remains mired near its lowest level since the COVID-19 pandemic.
It’s the first read on inflation to capture the effects of the Iran war. The surge in gas prices to an average $4.18 a gallon this week, up more than a dollar since before the war, will stretch budgets and erode incomes, making it harder for lower- and middle-income American households to afford food and rent.
“Consumers are singing the blues,” said Heather Long, chief economist at Navy Federal Credit Union. “They aren’t happy with high prices for gas, housing, electricity and many other items. It’s clear consumers aren’t going to feel much better until there’s an end to the Middle East conflict.”
Without OPEC production limits, UAE could help lower postwar oil prices
The announcement doesn‘t change anything regarding the blockage of the Strait of Hormuz, but could help speed the oil market’s return to lower prices after the war, said Michael Brown, senior research strategist at Pepperstone foreign exchange brokerage.
Once the war ends, the UAE could reach its pre-conflict goal of increasing production to 5 million barrels per day, “in turn helping crude benchmarks to normalize in shorter order once the ongoing Middle East conflict comes to an end,” he said.
The UAE’s exit from OPEC won’t expand global oil supplies right away
The UAE’s move appears to be part of an effort to assert themselves as leaders and independent actors in the region, and sell oil and gas when and how they see fit, said Karen Young, senior research scholar at Columbia University’s Center on Global Energy Policy.
“This exit of OPEC fits into the UAE need for flexibility with key energy consumers as well — including a future relationship with China and a more competitive relationship with Saudi Arabia,” she said.
The exit won’t immediately change export capacity, since the UAE’s lone pipeline around the Strait of Hormuz to the port at Fujairah on the Gulf of Oman is already running at full capacity, she noted.
Lebanon’s Health Ministry raises death toll of Israel-Hezbollah war to 2,534
The ministry added on Tuesday that 7,863 have been wounded since the war broke out on March 2.
The war has displaced more than 1 million people and caused destruction worth billions of dollars.
Peak oil means sell barrels now or leave money on the table
Leon said the approaching peak in global oil demand has shifted the incentive for producers from collective restraint to earning money from their reserves now.
He said the UAE, with its 4.8 million barrels per day of production capacity and potential to increase output, is “particularly well positioned to pursue such a strategy outside the group.”
An OPEC without the UAE could increase global energy supply volatility, analyst says
The UAE’s withdrawal removes one of OPEC’s few members with ability to quickly increase production — the mechanism through which the cartel manages oil prices, said Jorge Leon, head of geopolitical analysis at Rystad Energy.
“A structurally weaker OPEC, with less spare capacity concentrated within the group, will find it increasingly difficult to calibrate supply and stabilize prices,” Leon said. “The net effect points to a more fragmented supply landscape and a potentially more volatile oil market over time as OPEC’s capacity to smooth imbalances diminishes.”
Trump claims Iran has ‘just’ informed the US it’s in a ‘State of Collapse’
“They want us to “Open the Hormuz Strait,” as soon as possible, as they try to figure out their leadership situation,” Trump posted on social media.
He added that he believes they will be able to sort out reported divisions within the Islamic Republic government about negotiations with the U.S.
The White House did not immediately respond to questions about who on the Iranian side delivered the message, who in the Republican administration received it and whether the communications were conducted directly with the U.S. or through an intermediary.
Israel to investigate ship carrying what Ukraine says is ‘stolen grain’
Israel’s Foreign Minister Gideon Saar said on Tuesday that Israel’s tax authority has opened an investigation into a ship expected to dock in the Haifa port that Ukraine said carries stolen grain.
Earlier, Ukrainian President Volodymyr Zelenskyy wrote on X that Ukraine is preparing sanctions against companies that profit from grain harvested from areas of Ukraine under Russian control. Saar dismissed Zelenskyy’s comments as “Twitter diplomacy” and said Ukraine had not provided information about the cargo’s contents or a request for legal assistance.
“The vessel has not entered the port and has yet to submit its documents. It is not possible to verify the truth of the Ukrainian claims regarding the forgery of the bill of lading,” Saar said.
Israel has ‘no territorial ambitions’ in Lebanon, Israel’s foreign minister says
Gideon Saar said the Israeli military-occupied “buffer zone” that stretches 10 kilometers (6 miles) into Lebanon is necessary to protect residents in Israel’s north.
“Hezbollah has transformed the entire front line of southern Lebanon into a network of terrorist infrastructure, and this threat has not been properly addressed by the Lebanese government,” he said during a press conference with Serbian Foreign Minister Marko Đurić in Jerusalem.
Saar refused to comment on the fragile ceasefire with Hezbollah, which both sides have violated multiple times since Trump announced it last week, and whether Israel might expand its military operations beyond southern Lebanon. He did note Israel’s first direct negotiations with Lebanon in decades.
Iran’s economy has been battered. Its leaders still think Trump will blink first
U.S. and Israeli airstrikes crippled thousands of factories in Iran, and the economic damage is reverberating — millions more Iranians could lose their jobs. Most damaging, Israeli strikes knocked out most steel and petrochemical production, causing a surge in prices for metals and plastic. Things could get worse as the U.S. blockades Iranian ports. Economic woes sparked the mass protests that were crushed before the war, and could again push Iranians into the streets. But Iran’s leaders are betting that economic self-reliance built under decades of sanctions can help them endure the pain longer than Trump. ▶ Read more
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